MarketGraphsMGLensFXFX as of 5 Aug 2026Methodology

A busy day in FX. Dollar-yen realized vol moved from +4.2% to +9.1%, 16.9 times its normal pace. NZD/USD extended to +3.3% on the month (from +2.3%).

16.9× its usual move

Dollar-yen realized vol moved from +4.2% to +9.1%, 16.9 times its normal pace. Aussie-dollar realized vol moved from +5.3% to +6.9%.

How much are currencies actually moving?
Yahoo Financeunavailable

3.2× its usual move

Dollar-lira realized vol moved from +0.9% to +1.1%, 3.2 times its normal pace. Dollar-rand realized vol moved from +11.9% to +12.9%.

What does EM real carry look like right now?
FREDunavailable

2.0× its usual move

NZD/USD extended to +3.3% on the month (from +2.3%).

What is the carry trade delivering right now?
Yahoo Financeunavailable

1.8× its usual move

USD/JPY swung from +1.2% to -2.7% on the month, its biggest move since March 19. USD/CAD moved from -0.7% to -1.4%.

How are the major currency pairs moving against the dollar?
Yahoo Financeunavailable

Quiet (0.9×)

The dollar moved from -0.6% to -0.2%. The broad dollar index went from 121 to 120.

Where does the dollar sit, and is it stretched on valuation?
Yahoo Financeunavailable